BREAKING: Edward Jones Exits Solo 401k Plans — What Owner K Clients Must Do Before IRS Deadline

Watch: Full breakdown of the Edward Jones Owner K exit letter, key deadlines, your options, and cost & feature comparison

In an official client notification letter dated June 29, 2026, Edward Jones announced it is exiting the Solo 401k plan document business. Effective December 31, 2026, Edward Jones will discontinue providing the plan document — and all document maintenance services — for its Owner K (Solo 401k) plans. If you are self-employed and sponsor an Owner K plan, or you are an Edward Jones financial advisor with clients who do, this announcement affects you directly — and the clock is already ticking on multiple deadlines.

Critical Clarification: Per the official Edward Jones notice, this change has NO impact on your investment advisory or custodial services at Edward Jones — those continue completely uninterrupted. Only the underlying plan document is affected. Your investment accounts stay right where they are, regardless of which plan document provider you choose. This is a paperwork decision, not an investment decision.

Why Is Edward Jones Discontinuing Owner K Plan Documents?

According to the letter, the regulatory changes in the SECURE 2.0 Act expanded plan design options beyond what the Edward Jones Owner K prototype document permits. Rather than update its document, Edward Jones is exiting the plan document business and directing clients to a third-party provider. The IRS requires that all Solo 401k plans be amended for the SECURE 2.0 Act by December 31, 2026, and the Edward Jones service end date aligns with that deadline.

Critical Deadlines Every Owner K Client Must Know

Date	What Happens
August 14, 2026	Deadline to notify your Edward Jones advisor if you do NOT want your plan data (EIN, address, email, plan elections) automatically shared with FuturePlan
Mid-August 2026	Plan data transfers to FuturePlan by default for clients who do not opt out
Early Fall 2026	FuturePlan begins distributing pre-selected plan documents for signature
December 31, 2026	Edward Jones document support ends; IRS SECURE 2.0 restatement deadline; plan otherwise converts to an “individually designed plan” with no document sponsor
End of 2027	Outside window to retroactively adopt a new pre-approved plan document

Important — The Risks of Doing Nothing: If you fail to adopt a SECURE 2.0-compliant plan document by 12/31/2026, your plan ceases to be a pre-approved plan and risks tax penalties, up to and including plan disqualification and loss of tax-favored status. Separately, if you do not opt out by August 14, 2026, Edward Jones will automatically transmit your plan’s data to FuturePlan — you forfeit your decision-making window and are defaulted to a pre-selected provider.

Your Three Options as an Edward Jones Owner K Client

Option 1: Default to FuturePlan

Do nothing and your plan transitions to FuturePlan, the document provider Edward Jones has arranged. You will pay a $150 one-time SECURE 2.0 amendment fee in 2026 plus a $150 annual document maintenance fee starting in 2027 — and the restrictive brokerage prototype plan design is expected to remain fully in place.

Option 2: Upgrade to a Specialized Solo 401k Provider

Restate your plan onto a flexible plan document with My Solo 401k Financial — keeping your existing Edward Jones investment accounts in place while unlocking premium plan features like the Mega Backdoor Roth, participant loans, tax credits, and alternative investments.

Option 3: Terminate the Plan

You may terminate your Owner K plan — but note that IRS rules still require your plan document to be updated in connection with a termination, so a compliant restated document is needed either way.

Cost Comparison: FuturePlan vs. My Solo 401k Financial

Fee / Service Element	FuturePlan (Default)	My Solo 401k Financial
One-Time Amendment Fee	$150 (due in 2026)	Included in flat initial fee
Annual Document Maintenance	$150/year (first due 2027)	Included in flat ongoing fee
IRS Form 5500-EZ Compliance	Not provided (extra service)	Included at no additional cost (simply timely request)
IRS Form 1099-R Preparation	Not provided (extra service)	Included at no additional cost (simply timely request)
Third-Party Administrator (TPA) Fees	“Strongly recommended” by Edward Jones at extra cost	No TPA or separate fees required

Features, Not Just Fees: What the Default Plan Still Won’t Allow

The bigger issue is plan design. FuturePlan is expected to simply restate the existing restrictive Edward Jones brokerage prototype — meaning the same limitations remain in place. Compare the plan features side by side:

Plan Feature	FuturePlan	My Solo 401k Financial
Mega Backdoor Roth Contributions	❌	✅
$1,500 SECURE Act Tax Credits	❌	✅
Participant Loans (borrow up to $50,000)	❌	✅
Alternative Investments (real estate, notes, crypto, metals)	❌	✅
Open Architecture Custody Model	❌	✅

Keep Your Edward Jones Accounts: Our open custody model means restating to a Solo 401k plan with My Solo 401k Financial does not require moving your existing Edward Jones brokerage accounts. You keep your advisor relationship and investments in place — while gaining the plan features above.

Deep Dive: The Mega Backdoor Roth Opportunity

The Mega Backdoor Roth strategy allows you to make voluntary after-tax contributions up to the overall annual IRS Section 415(c) limit (e.g., $72,000 for 2026) and then convert those funds to a Roth Solo 401k or Roth IRA — building tax-free retirement wealth far beyond standard contribution limits.

The Hurdle: Standard brokerage prototype documents — including the Edward Jones Owner K document and the expected FuturePlan restatement — specifically block voluntary after-tax contributions, making the Mega Backdoor Roth impossible. A specialized plan document that supports after-tax contributions is required to use this strategy.

Deep Dive: Claim $1,500 in Tax Credits

Under the SECURE Act, solopreneurs can claim a federal tax credit of $500 per year for 3 consecutive years — $1,500 total — simply for adding automatic enrollment to their Solo 401k plan. The catch: your plan document must natively support an Eligible Automatic Contribution Arrangement (EACA) provision. Basic institutional prototypes like the Edward Jones and FuturePlan documents do not support EACA — while My Solo 401k Financial plan documents fully include it, making you eligible to claim these credits.

The Restatement Process: 5 Simple Steps

Step 1: Apply Online

Submit your current plan details and payment in minutes – click HERE to get started.

Step 2: Document Preparation

Our team drafts your custom SECURE 2.0-compliant restated plan documents within the same business day.

Step 3: Sign

Sign and finalize your newly restated plan adoption agreement.

Step 4: No Asset Transfers Required

Your Edward Jones investment accounts stay exactly where they are — consistent with the Edward Jones notice confirming advisory and custodial services continue uninterrupted.

Step 5: Ongoing Support

We handle ongoing tax reporting support (Form 5500-EZ and Form 1099-R — simply timely request) plus all future IRS-required amendments and restatements.

Pro Tip: If you plan to choose your own document provider, remember to opt out of default data sharing with FuturePlan by notifying your Edward Jones advisor before August 14, 2026.

A Note for Edward Jones Financial Advisors

If your clients received this letter, the most important reassurance you can offer is this: transitioning the plan document does not require moving assets away from your firm. Advisory continuity is guaranteed by the original exit notice itself. Partnering with a specialized document provider allows you to protect the client relationship while delivering highly desired features — Mega Backdoor Roth, participant loans, and SECURE Act tax credits — that standard institutional prototypes cannot offer.

Received the Edward Jones Owner K Letter? Turn Forced Change Into an Upgrade.

Restate your Solo 401k to a plan that unlocks the Mega Backdoor Roth, $1,500 in tax credits, participant loans, and alternative investments — while keeping your Edward Jones accounts exactly where they are.

Next Steps:
Get Started Today!

Remember: This information is provided for educational purposes only. Always consult with qualified tax, legal, and investment professionals before making investment decisions with your retirement funds.